Aug 23 (Reuters) - Commerce Union Bancshares Inc :Press Release - Commerce Union Bancshares, Inc. and Reliant Bank to merge with Community First, Inc. and Community First Bank & Trust.Commerce Union Bancshares - ‍All-stock transaction valued at about $59.0 million based on closing price of Commerce Union's common stock on August 22​.Says ‍proposed transaction has received approval from board of directors of each company​.Commerce Union Bancshares - ‍At deal closing and subject to commerce union shareholder approval, commerce union plans to change name to Reliant Bancorp.Commerce Union Bancshares Inc - ‍Shareholders of Community First will receive 0.481 shares of co's stock for each share of Community First common stock​.Commerce Union Bancshares Inc says deal for ‍$11.74 per share​.
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Commerce Union Bancshares Inc : Commerce Union Bancshares Inc reports record third quarter . Qtrly total interest income was up 2.0 pct to $8.7 million in Q3 of 2016 compared with $8.5 million in Q3 of 2015 . Qtrly net interest income was $7.8 million in Q3 of 2016, up 1.5 pct compared with $7.7 million in Q3 of 2015 .Net interest margin declined 5 basis points to 3.98 pct in Q3 of 2016 compared with 4.03 pct in Q3 of 2015.
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